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HAMP Mortgage-Modification Program Extended

Struggling homeowners will get more time to take advantage of a federal consumer-mortgage modification initiative.The White House announced Thursday the extension of The Making Home Affordable Program, which includes the Home Affordable Modification Program (HAMP), until 2015. The program was set to expire at the end of this year, and aims to help lower eligible homeowners' monthly mortgage payments and prevent foreclosures.Despite recent economic data, including steadily-rising home prices and strong existing home sales, Treasury Secretary Jack Lew said many homeowners are still underwater and have a hard time making ends meet."Helping responsible homeowners avoid foreclosure is part of our wide-ranging efforts to strengthen the middle class," he said in a release Thursday. He added that extending the application deadline will prevent more foreclosures while maintaining accountability in the mortgage industry.RealtyTrac reported Thursday that 190,121 foreclosed properties were sold in...

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  3. U.S. Government Home-Price Index Rises 0.7% in February

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  10. Fannie, Freddie Revamp Loan-Aid Initiatives

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  11. Assurant to Pay $14 Million to Settle New York Probe

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    Assurant Inc. (AIZ), the largest seller of "force-placed" home insurance in the U.S., agreed to pay a $14 million penalty and provide restitution to some New York ho...

  1. How to Make Your Home Bid Stand Out

    Home sellers in some markets are receiving multiple bids, and when it comes to picking the best offer, experts warn it's not all about price. "The highest offer is n...

  2. The Return of Lower Down Payments

    Mortgages with low down payments are returning, making it easier for cash-strapped homebuyers to make the leap. As of May 1, the average down payment has dropped 9.4...

  3. U.S. New Home Sales Rise; Prices at Record High

    New-home sales increased in April, while prices hit a record high, the latest signs of a stronger housing market as the spring selling season gets underway.Sales of ...

  4. U.S. FHFA House Prices Up 1.3% in March

    U.S. home prices rose again in March, pointing to continued support for economic growth from the housing industry.Home prices increased 1.3% in March from February o...

  5. U.S. FHFA House Prices Up 1.3% in March From February

    U.S. home prices rose again in March, pointing to continued support for economic growth from the housing industry.Home prices increased 1.3% in March from February o...

  6. Best Ways to Rebuild Your Credit

    Credit.com Director of Consumer Education Gerri Detweiler on how consumers can rebuild their credit scores.

  7. Should You Buy Mortgage Points to Lower Your Interest Rate?

    If you are looking for a way to reduce your monthly mortgage payments, buying points could lower the interest amount.Called discount points by mortgage brokers and l...

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